The Living Insurance Trust |
Common terms and phrases
allow amend or revoke amount assign assured's estate benefit Boston cash surrender value cestui que trust change the beneficiary chose in action chusetts Clause Colony Trust Company common law court creditors death of assured deceased delivered deposited discretion distribution dividends donor reserves duties endowment policy Estate Tax executor funded trust grantor hereby Inheritance Tax instrument insurable interest insurance company insurance policy inter vivos last survivor living insurance trust living trust Mass Massachusetts matured ment net income Old Colony Trust paid partner pay premiums payable pays the premiums person policies of insurance policy or policies principal proceeds purchase question receive reserves the right revocation revoke the trust right to change rule Rule Against Perpetuities securities specified Statute surviving stockholders take effect taxable third party beneficiary tion Trust and Agreement Trust Estate Trust Fund trust indenture trust law trust property twenty-one uncon unfunded valid vest